Austin Asset Management Co Inc Increases Stake in Vanguard Real Estate ETF $VNQ

Austin Asset Management Co Inc raised its position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 3.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 215,761 shares of the exchange traded fund’s stock after purchasing an additional 7,515 shares during the quarter. Vanguard Real Estate ETF makes up approximately 3.8% of Austin Asset Management Co Inc’s investment portfolio, making the stock its 6th largest holding. Austin Asset Management Co Inc’s holdings in Vanguard Real Estate ETF were worth $19,725,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VNQ. Empower Advisory Group LLC boosted its stake in shares of Vanguard Real Estate ETF by 4.2% in the 2nd quarter. Empower Advisory Group LLC now owns 14,436,154 shares of the exchange traded fund’s stock valued at $1,285,684,000 after purchasing an additional 577,515 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Vanguard Real Estate ETF by 6.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,113,178 shares of the exchange traded fund’s stock valued at $900,680,000 after buying an additional 570,141 shares during the period. Wealthfront Advisers LLC boosted its position in Vanguard Real Estate ETF by 2.5% during the second quarter. Wealthfront Advisers LLC now owns 8,778,198 shares of the exchange traded fund’s stock valued at $781,786,000 after acquiring an additional 216,763 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its holdings in Vanguard Real Estate ETF by 8,739.3% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 5,717,725 shares of the exchange traded fund’s stock worth $509,221,000 after acquiring an additional 5,653,040 shares during the period. Finally, Prudential Financial Inc. grew its holdings in Vanguard Real Estate ETF by 2.0% during the 2nd quarter. Prudential Financial Inc. now owns 4,256,152 shares of the exchange traded fund’s stock worth $379,053,000 after acquiring an additional 82,520 shares during the period. Institutional investors and hedge funds own 60.03% of the company’s stock.

Vanguard Real Estate ETF Price Performance

Shares of NYSEARCA:VNQ opened at $89.47 on Friday. The company has a market capitalization of $34.26 billion, a price-to-earnings ratio of 35.58 and a beta of 1.03. The business’s 50-day moving average is $89.40 and its 200-day moving average is $90.19. Vanguard Real Estate ETF has a 1 year low of $76.92 and a 1 year high of $94.95.

About Vanguard Real Estate ETF

Vanguard REIT ETF (the Fund) is an open-end investment company. The Fund invests in stocks issued by real estate investment trusts (REITs), companies that purchase office buildings, hotels, and other real property. It tracks the return of the MSCI US RIT Index, a gauge of real estate stocks. The Vanguard Group, Inc provides investment advisory services to the Fund.